Implications of removing riders by IRDA ?

POSTED BY yogesh224 ON October 31, 2013 4:35 pm COMMENTS (2)

Hello,

As per IRDA circular following products and riders have been withdrawn w.e.f 1st October 2013:      Waiver of Premium Rider, Personal Accident Benefit Rider ,    Dread Disease Rider , Payor Rider , Waiver of Premium .

I had bought an endowment policy 10 yrs ago that have few of above product riders. What are the implication on premium that I have been paying till date of  above products. Do I still pay the premium for products that have been withdrawn?

Thanks in advance.

 

2 replies on this article “Implications of removing riders by IRDA ?”

  1. nsabhyankar says:

    where can I get the said circular? I tried to search on the IRDA site but couldn’t find it.

  2. The circular is not applicable to OLD policies which are already running , so your policies will have the riders

    Manish

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